Congressional hucksters sold last year’s “Dodd-Frank Wall Street Reform and Consumer Protection Act” as a pro-consumer effort to prevent future big bank bail-outs. The good news, according to the U.S. Government Accountability Office, is that Dodd-Frank expanded big government payrolls
It seems hypocritical that MIT faculty member and recent Nobel Laureate, Peter Diamond, would lash out in a New York Times Op Ed titled: “When a Nobel Prize Isn’t Enough”, for not being confirmed by the U.S. Senate to the
The Washington Post is reporting that Senator Harry Reid has been in China with six other Democrats and three Republicans on what they call a “secret, week-long trip to China.” Other members of the delegation include Democrats Barbara Boxer, Dick
Dr. Peter Diamond has once again found himself in the cross-hairs of Sen. Richard Shelby of Alabama, the highest ranking Republican serving on the Senate Banking Committee. A Nobel laureate and MIT professor, Diamond has been nominated three times for
AP: Alabama Sen. Richard Shelby says the Senate bill does not impose controls on giant government-sponsored mortgage finance companies Fannie Mae and Freddie Mac. He says they created a demand for risky loans and inflated the housing bubble.
AFP: A US Senator has taken the extraordinary step of blocking more than 70 of US President Barack Obama’s nominees amid a dispute over a lucrative US Air Force tanker deal, senate aides said Friday. Senator Richard Shelby, the top